Around The Barrel – Crude Oil and Gasoline Outlook

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  • #20973
    TradersCom
    Keymaster

    In a volatile trading week EIA reported builds…

    [article]1562[/article]

    #21023
    ThePitBoss
    Participant

    Crude oil future settle at $56.65 up $2.89 or 5.3%.

    The downing of a $220 Million a US drone by Iran increased tensions in the Middle East.

    The high $57.02.
    The low $54.11.

    Now above the 38.2% retracement at $56.71
    50% retracement and 100 day moving average at the $58.52 – $58.60 zone

    200 day moving average is $59.16.

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